PSNA, SoFi Partner to Offer Student Loan Refinancing Benefit

The Pennsylvania State Nurses Association (PSNA) members are now able to refinance and consolidate existing student loans thanks to a new partnership with SoFi through their SoFi at Work program.

The California-based online personal finance company is offering PSNA members student loan refinancing options, which include low variable and fixed rates with terms ranging from five to 20 years, with an additional rate discount of 0.125% through the sofi.com/PSNA link. Parent PLUS loans can also be refinanced. There are no prepayment penalties.

“We are excited to work with SoFi to offer this valuable benefit to our members,” said Betsy M. Snook, MEd, BSN, RN, Chief Executive Officer of PSNA. “We are always looking for ways to help our members manage their education costs. This SoFi program gives them the flexibility to lower their cost and tailor their repayment schedule to meet their needs.”

SoFi is the leader in student loan refinancing and marketplace lending in the United States with more than $30 billion in loans to date.

“People often face a hard choice between saving for retirement or paying down student debt when the answer is they should and can do both,” said Shaunda Brown, Senior Director, Business Development at SoFi. “Forward-thinking companies and associations like PSNA are thinking about the most meaningful ways to address these stressors and their members’ overall financial wellness.”

Association members who refinance with SoFi become a SoFi member, which unlocks other benefits including complimentary career counseling, networking events, and a referral program incentive.

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About PSNA

The Pennsylvania State Nurses Association (PSNA) is Pennsylvania’s leading professional nursing organization. Representing more than 221,000 professional nurses, PSNA leads, advocates, educates and connects with RNs across the Commonwealth. PSNA is a constituent member of the American Nurses Association. For more information, visit www.psna.org.

About SoFi

SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.